CVS Health’s Aetna calls all $1 billion 2.75% notes due 2022 at par

By Marisa Wong

Los Angeles, July 15 – CVS Health Corp.’s subsidiary, Aetna Inc., will redeem all of its $1 billion outstanding 2.75% senior notes due Nov. 15, 2022, according to an 8-K filing with the Securities and Exchange Commission.

The redemption will occur on or around Aug. 15.

The notes will be redeemed at par plus accrued interest to the redemption date.

The company expects to fund the redemption from available cash.

Notices of redemption will be sent by trustee U.S. Bank Trust Co., NA.

CVS is a Woonsocket, R.I.-based retail pharmacy operator and pharmacy benefits manager. Aetna is a Hartford, Conn.-based health care company.

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